Zenith Energy directors increase holdings after Swedish offering

Zenith Energy Ltd. (OSE: ZENA) announced that its chief executive and president, Andrea Cattaneo, and chief financial officer and executive director, Luca Benedetto, participated in the company's recent equity issuance. This issuance was conducted in connection with Zenith’s admission to the Spotlight Stock Market in Sweden, referred to as the "Swedish Offering." Both executives subscribed for new common shares at a price of SEK 0.45 per share on September 25, 2025.

Mr. Cattaneo subscribed for 5,622,009 new common shares, increasing his total beneficial interest to 56,623,423 common shares, representing 10.33% of the total issued and outstanding common share capital admitted to trading on the Euronext Growth Oslo. Similarly, Mr. Benedetto subscribed for 1,614,059 new common shares, bringing his total beneficial interest to 16,256,389 common shares, or 2.96% of the company's common share capital.

Zenith Energy Ltd. is an independent energy company with revenue-generating assets across North Africa, the US, and Europe. This move by key management reinforces their commitment to Zenith's strategic focus on developing proven revenue-generating production assets and pursuing low-risk exploration.